MUSCAT – The meeting, chaired by Mustafa bin Ahmed Salman, Chairman of the Committee, brought together committee members at Oman Chamber of Commerce and Industry’s (OCCI) headquarters in Muscat.

During the session, the committee reviewed a proposal to introduce personal loan facilities for employees of small and medium enterprises (SMEs), aimed at addressing difficulties in accessing financing, as well as challenges faced by banks in extending credit.

The committee also discussed several proposals, including developing a financing product based on individual income, conducting a comprehensive study supported by accurate sector data, and forming a specialised task force, including a legal expert, to assess regulatory aspects.

On the insurance sector, members examined key challenges under current market conditions and proposed studying the feasibility of merging similar insurance companies to improve efficiency and long-term sustainability. The committee also stressed the importance of strengthening the role of government entities and associations in raising awareness about insurance.

Additionally, the committee reviewed a proposal to organise a specialised seminar on Islamic finance, noting growing interest from investors in the Sultanate of Oman in this field, which could support the sector’s development in the coming period.